#Renforth #Resources $RFR Completes New Alger #Purchase

#RenforthResources $RFR has completed the New Alger #joint #venture, resulting in Renforth assuming 100% ownership of the New Alger mining concession, subject to a 2% NSR.

New Alger hosts an inferred gold resource of 237,000 ozs of gold located above a depth of 200m in the area of the former Thompson-Cadillac mine. The Thompson-Cadillac mine saw small-scale operation prior to the Second World War, resulting in the production of 21,000 ozs of gold at an average grade of 4.2 g/t Au.

Renforth_logo_final“We are happy to have attained complete ownership of New Alger. Renforth has had a long relationship with this property, successfully putting in place the first resource statement and rediscovering the gold system in the sediments. Management looks forward to, funding permitting, being able to continue to define how much gold is contained in this 1.4-kilometre portion of the Cadillac Break and in the Pontiac sediments to the south with future exploration programs,” states Nicole Brewster, president and chief executive officer of Renforth.

Metanor Resources Inc.-TSX.V-MTO – Quebec’s newest gold producer

Metanor Resources is Quebec’s newest gold producer presently pouring gold bars at its flagship property Bachelor/Hewfran.  Bachelor Lake is located 225 km northeast of Val-d’Or, Quebec.  Bachelor produced 3,017 ozs of gold in February bringing the total production since July to 13,128 ozs of gold.  The ounces produced in February come from 18,186 tonnes grading 5.34 g/t recovered at 96.7%.

Metanor will be ramping up to full production to a targeted 5,000 ounces per month, has low geopolitical risk with generous subsidies from the Quebec government (up to $0.35/$1.00), highly qualified management and blue sky potential with exploration on existing properties.